8 Best Forex Brokers in North Korea
Last Update: April 30th, 2024
The 8 Best Forex Brokers in North Korea – Rated and Reviewed. We have listed the best Forex Brokers accepting North Korean traders,
In this in-depth guide you will learn:
- The Best Forex Brokers in North Korea – a List.
- Best Forex Brokers For Trading With North Korean Won
- Best Asian Forex Brokers
- The Best Forex Trading Platforms for Beginners
- Is Forex Trading legal in North Korea?
and much, MUCH more!
8 Best Forex Brokers in North Korea – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Korean Traders | 💴 Min. Deposit |
| 🥇 CMC Markets | 👉 Click Here | ✅Yes | None |
| 🥈 Tickmill | 👉 Click Here | ✅Yes | 100 USD |
| 🥉 FP Markets | 👉 Click Here | ✅Yes | AU$100 |
| 🏅 IC Markets | 👉 Click Here | ✅Yes | 200 USD |
| 🎖️ Moneta Markets | 👉 Click Here | ✅Yes | 50 USD |
| 🥇 FXTM | 👉 Click Here | ✅Yes | 10 USD |
| 🥈 BDSwiss | 👉 Click Here | ✅Yes | 10 USD |
| 🥉 IG | 👉 Click Here | ✅Yes | 50 USD |
8 Best Forex Brokers in North Korea (2024)
- ☑️ CMC Markets – Overall, the Best Forex Broker in Korea.
- ☑️ Tickmill – Low ₩ Minimum Deposit.
- ☑️ FP Markets – High Korean Trust Score.
- ☑️ IC Markets – Low Forex Commissions and tight spreads.
- ☑️ Moneta Markets – Seamless deposit and withdrawal.
- ☑️ FXTM – Best Forex Broker for Beginners.
- ☑️ BDSwiss – Best Forex Broker for Professionals.
- ☑️ IG – Feature-rich and Customizable Proprietary Platform.
CMC Markets
CMC Markets is a well-regarded Forex Broker, monitored by numerous Tier-1 agencies. BaFin, FCA, ASIC, MAS, FMA, IIROC, and, DFSA regulate it. Trading Platforms offered are MetaTrader 4, Next Generation, and CMC Markets App.
Moreover, Account types include CFD, Spread Betting, and, Corporate. A Minimum deposit is not required.
| 🔎 Broker | 🥇 CMC Markets |
| 💴 Minimum Deposit | 0 USD |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | Yes |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Next Generation platform | High Fees |
Our Insights
CMC Markets suites all Brokers. Beginners will benefit from a variety of instructional articles and a demo account.
Tickmill
Tickmill is a prominent Forex and CFD broker that adheres to strict regulatory standards. Spreads from 0.0 pips are offered on the Pro and VIP Accounts. Trading Platforms are MetaTrader 4, MetaTrader 5, and, the Tickmill App.
The minimum deposit is 100 USD.
| 🔎 Broker | 🥇 Tickmill |
| 💴 Minimum Deposit | $100 |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips on the Pro and VIP Accounts |
| 📉 Leverage | 1:500 |
| 💶 Currency Pairs | 62, major, minor, and exotic pairs |
| 📊 Scalping | ✅Yes |
| 💹 Hedging | ✅Yes |
| 🖱️ Trading Platforms | MetaTrader 4, MetaTrader 5, Tickmill App |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| MetaTrader 4 and MetaTrader 5 | Limited range of instruments |
| Pro account with minimal commissions | Limited Trading Platforms |
Our Insights
Beginners will benefit from multiple accounts and trading platforms. However, Customer Support is only offered 24/5.
FP Markets
FP Markets is a trustworthy, highly regulated Forex Broker. ASIC, CySEC, FSCA, FSA, and, the FSC regulate it. It provides over 10,000 trading products, including Forex, indices, commodities, and, stocks
The minimum deposit is AU$100.
| 🔎 Broker | 🥇 FP Markets |
| 💴 Minimum Deposit | AU$100 |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips |
| 📉 Leverage | 1:500 |
| 💶 Currency Pairs | Major, Minor, Exotic |
| 📌 Regulations | ASIC, CySEC, FSCA, FSA, FSC |
| 5️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FP Markets is regulated in several regions | There are limited instruments offered |
| MetaTrader, cTrader, and IRESS are available | research tools are not extensive |
| Tight Spreads | Withdrawal fees apply |
| There are low forex fees | No sign-up or no-deposit bonus |
Our Insights
FP Markets suite all traders. Moreover, it provides 24/7 Customer Support.
IC Markets
IC Markets is a powerful Forex and CFD broker regulated by ASIC, CySEC, FSA, and, the SCB. It provides an extensive range of financial instruments including forex, commodities, indices, and, bonds.
The Minimum deposit is 200 USD.
| 🔎 Broker | 🥇 IC Markets |
| 💴 Minimum Deposit | 200 USD |
| 💵 Inactivity Fee | None |
| 📌 Regulation and Licenses | ASIC, CySEC, FSA, SCB |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Affordable forex and CFD trading costs | High minimum deposit requirement |
| Comprehensive education and research | No investor protection for non-EU customers |
Our Insights
Beginners will benefit from Social Trading via ZuluTrade and IC Social. Moreover, Professionals can select Signal Start. A sophisticated trading system that automates the sourcing of signals. However, the minimum deposit is high.
Moneta Markets
Moneta Markets is a trusted and well-regulated Forex Broker. It provides access to over 1,000 assets. Moreover, copy and mobile trading are provided.
The minimum deposit is 50 USD.
| 🔎 Broker | 🥇 Moneta Markets |
| 📈 Established Year | 2019 |
| 📉 Regulation and Licenses | FSCA, FSA Seychelles, CIMA, ASIC |
| 📊 Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅Yes |
| ⏰ Support Hours | 24/5 |
| 🖱️ Trading Platforms | PRO Trader, App Trader, MetaTrader 4, MetaTrader 5, CopyTrader App |
| 📌 Account Types | Direct STP, Prime ECN, Ultra ECN |
| 💴 Base Currencies | AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD, BRL |
| 📍 Spreads | From 0.0 pips |
| 💹 Leverage | 1:1000 |
| 💵 Currency Pairs | 44; major, minor, and exotic pairs |
| 💶 Minimum Deposit | 50 USD |
| 💷 Inactivity Fee | None |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| 1,000+ tradable assets, including forex | Some account types may have volume constraints |
| Multilingual support | Limited Education |
Our Insights
Moneta Markets suit all traders. Beginners will benefit from multilingual customer support.
FXTM
FXTM is licensed and regulated by respectable financial regulators, including CySEC and the FCA. Moreover, it provides a complete mobile trading experience via the FXTM Trader App.
The minimum deposit is 10 USD.
| 🔎 Broker | 🥇 FXTM |
| 💴 Minimum Deposit | 10 USD |
| 💵 Inactivity Fee | $5 after 6 months of inactivity |
| 🎁 Bonuses | Referral bonus |
| ⏰ Support Hours | 24/5 |
| 🖱️ Trading Platforms | MetaTrader 4, MetaTrader 5, FXTM Trader |
| 📌 Account Types | Micro, Advantage, Advantage Plus |
| 💷 Base Currencies | USD, EUR, GBP, NGN |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Micro, Advantage, Advantage Plus, Demo, and Swap-Free accounts | Inactivity Fee |
| Dedicated customer support teams | Fees apply to most withdrawal methods |
Our Insights
FXTM suits all traders. However, Beginners will benefit from the Micro and Demo Accounts.
BDSwiss
BDSwiss is a trustworthy and highly regulated Forex Broker. Accounts include Cent, Classic, VIP, Zero Spread, Islamic, and Demo. Proprietary Platforms include BDSwiss Web and BDSwiss Mobile.
The minimum deposit is 10 USD.
| 🔎 Broker | 🥇 BDSwiss |
| 📈 Regulation | CySEC, FSC, FSA, BaFin, Mwali International Services Authority |
| 📉 Trading Platforms | MetaTrader 4, MetaTrader 5, BDSwiss Web, BDSwiss Mobile |
| 💴 Minimum Deposit | 10 USD |
| ⏰ Support Hours | 24/5 |
| ⚙️ Account Types | Cent, Classic, VIP, Zero Spread, Islamic, Demo |
| 🆓 Demo Account | ✅Yes |
| ☪️ Islamic Account | ✅Yes |
| 📊 Leverage | 1:2000 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| BDSwiss offers an impressive number of markets that can be traded | There is an inactivity fee applied to dormant accounts |
| There are account levels for all types of traders | The spreads on popular accounts are wide, starting from 1.5 pips |
| BDSwiss is a highly reputable, award-winning broker regulated globally | Commission fees apply to all account types |
Our Insights
BDSwiss suits all traders. Beginners will benefit from the Cent, Classic, and, Demo Accounts. Moreover, the minimum deposit is low.
IG
IG is a Trusted Forex Broker with over 45 Years of experience. 13 Regulators govern and license IG. Moreover, 7 Account types are available.
The minimum deposit is 50 USD.
| 🔎Broker | 🥇IG |
| 📈 Regulation and Licenses | FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA |
| 📉 Ease of Use | 4/5 |
| 📊 Support Hours | 24/7 |
| 💻 Trading Platforms | MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API |
| 💴 Base Currencies | USD |
| 📊 Spreads | From 0.1 pips DMA |
| 📌 Leverage | 1:222 (Pro), 1:30 (EU, UK, Retail) |
| 💸 Currency Pairs | 80+; major, minor, and exotic pairs |
| 💳 Minimum Deposit | From 50 USD (differs per region) |
| 🚫 Inactivity Fee | Yes, 12 USD after 2 years of inactivity |
| 📍 Website Languages | English |
| 💰 Fees and Commissions | Spreads from 0.1 pips, commissions from 0.10% |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Access to over 17,000 instruments across markets | Limitations on customer support hours |
| Investing opportunities for high-volume traders | Inactivity fees apply |
| Several advanced Trading platforms | IG is not available in all regions |
Our Insights
IG best suits Professionals. It provides a wide range of trading platforms and account types.
Can you trade the Korean Won in Forex?
The Korean Won is fully convertible. It is frequently traded against other global currencies, including the Japanese yen (JPY), the Euro (EUR), and the U.S. dollar (USD).
In Conclusion
Multiple Globally Regulated Forex Brokers accept local North Korean investors.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker >> |
| 🥈 |  | Read Review | FMA, FSA | USD 50 | Visit Broker >> |
| 🥉 |  | Read Review | FSCA, CySEC, DFSA, FSA, CMA | USD 0 | Visit Broker >> |
| 4 |  | Read Review | SFSA, FSCA, CySec* | USD 5 | Visit Broker >> |
| 5 |  | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker >> |
| 6 |  | Read Review | FCA, FINMA, FSA, ASIC | USD 0 | Visit Broker >> |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker >> |
| 8 |  | Read Review | Not Regulated | 0.001 BTC | Visit Broker >> |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker >> |
| 10 |  | Read Review | CySEC,MISA, FSCA | USD 20 | Visit Broker >> |
Our Insights
Trading Forex is Legal in North Korea. Moreover, it falls under strict regulation of the North Korean government.
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Frequently Asked Questions
Is CMC Markets Regulated?
CMC Markets is regulated by top-tier agencies such as the Financial Conduct Authority (FCA) in the United Kingdom.
Can I open a swap-free account with Tickmill?
Tickmill provides an Islamic swap-free option.
Does FP Markets provide customer support?
FP Markets provides excellent 24/7 customer support.
What is the minimum deposit for IC Markets?
The minimum deposit for IC Markets is 200 USD.
What platforms does Moneta Markets offer?
MetaTrader 4, MetaTrader 5, and, ProTrader.
Does FXTM offer a mobile trading app?
FXTM provides the FXTM Trader app.
Where is BDSwiss based?
Zurich, Switzerland
What can I trade with IG?
IG offers traders access to over 17,000 markets
Top 4 Brokers
